Microstrategy buys again!

[adultcrypto]

What will happens to MSTR stock if Blackrock ETF got approved? I wouldn't be surprise if blackrock buys equivalent amount of btc within few months microstrategy does. Also we need to keep in mind blackrock is not the only manager applied for ETF. So there will be a lots of competition to buy btc as cheap as possible and microstrategy will be ahead of them in this scenario.

This is a possibility and I think it will be good for Bitcoin. Just the news a lone will change the fate of the market forever. From what is happening around the ETF, it is looking like a lot depends on it at least for the short time, even though with or without it, Bitcoin will still maintain the beautiful future we all crave for.

It is my expectation that most of the ETFs will be approved and within the same period. I can only imagine where we are headed to in terms of the price.

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[STT]

People describe Blackrock as if its their own money when they will buy what investors put in and have confidence to hold.  ETF can be sold and bought daily, they dont even need to own it overnight its a trading vehicle for some people with tax advantages.   MSTR has the vulnerability imo that they aren't using BTC if they do just simply hold it they are a proxy for this ETF and probably higher cost in that purpose.  I always give the advantage to any company which performs the task most efficently, if ETF do get approved then MSTR must compete with that I presume. Theres an overlap with the customer base for this service basically.

[EluguHcman]

That is the benefit insights of investing for the future with a valuable amount earns you valuable incomes.
Kudos to them and I believe this good news would definitely embed more corporative parties who are aiming for higher purchase for higher incomes to the risk taking table.
How wise it in cruel creative emphatics to creating wealths in corporation

[OgNasty]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

[Wind_FURY]

Warren Buffett, the "Oracle of Omaha" who said that Bitcoin is "Rat Poison Squared", has made an investment in a "secret stock", but because it's required to report their investments, he's begging the Securities and Exchange Commission to make the name of that company private.

Why does he want to make the name of the company private? I personally don't know, but how LAUGHABLE would it be for the Bitcoin community if that company is MicroStrategy.

 

Would be a nice twist, but that's highly unlikely. Here's more on that story:
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-secret-stock-sales-gm-q3-portfolio-2023-11

The reason for them not wanting to disclose the "secret bet" is probably the fact that they are still accumulating and revealing that would drive the price up. It's not like they're trying to hide something because of being ashamed to admitting they were wrong on bitcoin. The secret bet will be made public eventually.

Haha. I was merely thinking it would be laughable.

Although, because Warren Buffett is a "value investor", he probably should invest some of their capital in MicroStrategy. It was $130.00 during January and it's currently $480.00, it's tracking Bitcoin, and it's probably not going to slow down. I believe as an investor, he should set his emotions aside and swallow his pride, no?

This would indeed be hilarious, but I think Buffett can't get around being connected to Bitcoin one way or another.

Earlier this year, Buffett dismissed bitcoin as a "gambling token" in an interview with CNBC, saying bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."

^SOURCE

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

But he probably should. There was a podcast that had Warren Buffett's partner Charlie Munger, and Munger said that it's more difficult to find value investments in modern investing compared to the time when they started their asset managing company. He also said that it's because there are more and more smart investors who are competing for the same assets in the stock market. He said the solution is = expect lower profit.

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

¯\_(ツ)_/¯

Higher Volatility = Higher Returns

[mv1986]

This would indeed be hilarious, but I think Buffett can't get around being connected to Bitcoin one way or another.

Earlier this year, Buffett dismissed bitcoin as a "gambling token" in an interview with CNBC, saying bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."

^SOURCE

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

But he probably should. There was a podcast that had Warren Buffett's partner Charlie Munger, and Munger said that it's more difficult to find value investments in modern investing compared to the time when they started their asset managing company. He also said that it's because there are more and more smart investors who are competing for the same assets in the stock market. He said the solution is = expect lower profit.

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

¯\_(ツ)_/¯

Higher Volatility = Higher Returns

They are digging themselves out of that anti-Bitcoin hole that they've now created with full force. I have never fully understood why Warren Buffett would be so decidedly against it. He can have his opinion, but his wording suggested that there is more to this. Did he suspect that this industry could be eating away at his so beloved financial industry? Was his goal to win some time for his banks to prepare themselves to then successfully embrace crypto?

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

I think that his voice loses influence among his shareholders because that is what's interesting here. He is the guy who combined with Munger is 192 years old and his shareholders are seeing this crypto industry grow by the minute, gain influence everywhere and the whole world and the investing youth is growing up with this stuff. Shares are losing appeal and I think it was Novogratz who said that when he asked his son what he is doing, the son answered "I'm sending my girlfriend flowers" and then Novogratz asked: how? Answer: digital flowers, emojis flowers! This is where everything is heading, whether one likes it or not. Bitcoin will be this standard investment among the younger people.

Microstrategy is one of those companies that could become the next Berkshire Hathaway (I am saying this with some exaggeration). But if they explode in market capitalization, what good points could Buffett bring up against their success when rat poison outperforms his value investment strategy?

[aoluain]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

I believe him too!
All his beliefs, ideas, realisations and preachings which make sense are not going to change,
There wont be any other vehicle out there which will trump Bitcoin ^{for a very long time}
His Microstrategy stock is also a massive winner for the company, all based on Bitcoin.

This would indeed be hilarious, but I think Buffett can't get around being connected to Bitcoin one way or another.

Earlier this year, Buffett dismissed bitcoin as a "gambling token" in an interview with CNBC, saying bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."

^SOURCE

snip

snip

They are digging themselves out of that anti-Bitcoin hole that they've now created with full force. I have never fully understood why Warren Buffett would be so decidedly against it. He can have his opinion, but his wording suggested that there is more to this. Did he suspect that this industry could be eating away at his so beloved financial industry? Was his goal to win some time for his banks to prepare themselves to then successfully embrace crypto?

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

snip

I wonder how hard "they" are kicking themselves for not seeing what Saylor ^{and some of the OG's
saw/believed}?

[Wind_FURY]

This would indeed be hilarious, but I think Buffett can't get around being connected to Bitcoin one way or another.

Earlier this year, Buffett dismissed bitcoin as a "gambling token" in an interview with CNBC, saying bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."

^SOURCE

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

But he probably should. There was a podcast that had Warren Buffett's partner Charlie Munger, and Munger said that it's more difficult to find value investments in modern investing compared to the time when they started their asset managing company. He also said that it's because there are more and more smart investors who are competing for the same assets in the stock market. He said the solution is = expect lower profit.

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

¯\_(ツ)_/¯

Higher Volatility = Higher Returns

They are digging themselves out of that anti-Bitcoin hole that they've now created with full force. I have never fully understood why Warren Buffett would be so decidedly against it. He can have his opinion, but his wording suggested that there is more to this. Did he suspect that this industry could be eating away at his so beloved financial industry? Was his goal to win some time for his banks to prepare themselves to then successfully embrace crypto?

It's probably because he has gotten VERY successful in his method of investing that he didn't believe that a new asset class, Bitcoin, would perform better in 10 short years than his DECADES of work.

Perhaps it's also because Bitcoin is changing "the concept of money", no?

Perhaps the actual solution is to invest in the more volatile "Rat Poison Squared", no?

I think that his voice loses influence among his shareholders because that is what's interesting here. He is the guy who combined with Munger is 192 years old and his shareholders are seeing this crypto industry grow by the minute, gain influence everywhere and the whole world and the investing youth is growing up with this stuff. Shares are losing appeal and I think it was Novogratz who said that when he asked his son what he is doing, the son answered "I'm sending my girlfriend flowers" and then Novogratz asked: how? Answer: digital flowers, emojis flowers! This is where everything is heading, whether one likes it or not. Bitcoin will be this standard investment among the younger people.

Microstrategy is one of those companies that could become the next Berkshire Hathaway (I am saying this with some exaggeration). But if they explode in market capitalization, what good points could Buffett bring up against their success when rat poison outperforms his value investment strategy?

Although I'm disappointed in what Michael Saylor said that "we don't need censorship-resistance", Michael Saylor will be written in history books as one of the greatest risk-takers that made it.

[tygeade]

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

But he probably should. There was a podcast that had Warren Buffett's partner Charlie Munger, and Munger said that it's more difficult to find value investments in modern investing compared to the time when they started their asset managing company. He also said that it's because there are more and more smart investors who are competing for the same assets in the stock market. He said the solution is = expect lower profit.

It's funny and unbelievable when a veteran people can think like that. But, I guess this also has to do with their age . Maybe they are heavily attached to the old school and do not want to give too much effort on the newer ones because their body or mind can't handle it anymore XD. Younger generations tends to disagree with their statements. For us, modern investing or investments are much better.

It doesn't mean though that we are now disregarding the older kinds. We can still have them as way of diversifying, once we already have a sufficient capital. The smart investors they are talking about, competing in the same asset, are not a bad thing but it was a good thing actually because more demand means more increase.

[naikturun]

People describe Blackrock as if its their own money when they will buy what investors put in and have confidence to hold.  ETF can be sold and bought daily, they dont even need to own it overnight its a trading vehicle for some people with tax advantages.   MSTR has the vulnerability imo that they aren't using BTC if they do just simply hold it they are a proxy for this ETF and probably higher cost in that purpose.  I always give the advantage to any company which performs the task most efficently, if ETF do get approved then MSTR must compete with that I presume. Theres an overlap with the customer base for this service basically.

I don't know, maybe because Blackrock is already big and trusted so people are calm about putting their money there, even though Blackrock is not much different from other companies that sell their services and make a profit for them.

[YUriy1991]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

Even though Bitcoin's recent trading performance has been characterized by a lot of volatility, at least what Saylor did was a wise step because there were many previous questions about whether BTC would rise again after the price fell in the past. Yes. Hopefully things will return to normal soon and big waves will come soon and be able to change the expectations of everyone who previously asked about this..

[pawel7777]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

Haha, I wouldn't be surprised if he did. But maybe he's just re-affirming his bullish stance on bitcoin to give investors confidence. Even if he intended to sell at certain price, he would not admit that publicly.
But it's ultimately a decision of majority shareholders (I don't think Saylor has a controlling stake) on whether they want to hold forever or sell at certain price target. The good thing is, any shareholder can just take profits by selling (a portion of) their shares, so they don't have to rely on MSTR selling its Bitcoin stash.

[Jating]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

Haha, I wouldn't be surprised if he did. But maybe he's just re-affirming his bullish stance on bitcoin to give investors confidence. Even if he intended to sell at certain price, he would not admit that publicly.
But it's ultimately a decision of majority shareholders (I don't think Saylor has a controlling stake) on whether they want to hold forever or sell at certain price target. The good thing is, any shareholder can just take profits by selling (a portion of) their shares, so they don't have to rely on MSTR selling its Bitcoin stash.

Yes, most likely that is the case for Saylor and his MicroStrategy. I also don't think that he is the majority holder, nevertheless, it seems that he has the blessings for the board and their shareholders and they are just re-affirming the companies stance on Bitcoin.

For sure some of them might have been smelling profits already as we are in the last stretch of the year and entering 2024, we will have the block halving. And based on what we have experience many times, it is a catalyst for the eventual bull run that Saylor and others have been waiting.

[Wind_FURY]

Even if he still says that Bitcoin is rat poison or a gambling token, he is already implying that there is business to be made when he says that people won't stop playing the roulette wheel. As more and more banks will be heavily involved with cryptocurrencies and Buffett considers banks one of his investment targets, he will also be part of the game. If he still believed that Bitcoin is rat poison and he would never touch or get close to it, seems it doesn't mean he would refrain from buying stock in crypto-friendly banks that, by the way, outperform some of his major other investments.

But he probably should. There was a podcast that had Warren Buffett's partner Charlie Munger, and Munger said that it's more difficult to find value investments in modern investing compared to the time when they started their asset managing company. He also said that it's because there are more and more smart investors who are competing for the same assets in the stock market. He said the solution is = expect lower profit.

It's funny and unbelievable when a veteran people can think like that. But, I guess this also has to do with their age . Maybe they are heavily attached to the old school and do not want to give too much effort on the newer ones because their body or mind can't handle it anymore XD. Younger generations tends to disagree with their statements. For us, modern investing or investments are much better.

It's over-confidence, pride, and believing that they're in a position that they can't be wrong = hubris. Although, I admit that, personally, I don't know where or in what path Bitcoin will go, but when the white paper was first posted by Satoshi in a cryptography mailing-list, it was probably a pivotal event like that of a cave man who first discovered fire then went to his community to share the discovery. But Warren Buffett doesn't see it that way, it's useless, it's "Rat Poison Squared".

¯\_(ツ)_/¯

[siniminomorocomunisakito]

Saylor tweeted that he’s going to keep buying even when BTC breaks 100K. I believe him. I’m sure he’ll keep buying with every dollar Microstrategy earns.

I think I'm also optimistic that Bitcoin can reach $100,000 by the end of 2024 if demand continues to come in plus factors like stabilization of risk assets, turmoil in the banking sector, and increasing profitability of crypto mining. Yes. Saylor the real man.

[GreenStox]

Its scary if they started to take profit from this, well this is how rich companies do nowadays, and those who holds more can have a great power and influence in the future. This might be one of the reason why the price pumps, and hopefully it will start from here. If they will hold half of the Bitcoin supply, that can be more scary for sure let’s see what’s their real goal for this one.

from 150k btc to 11 million pieces, that's still very far away why do you say that Saylor has half of the supply, I think other large companies or other retailers will not remain silent seeing this they will also join in and the more people who hold BTC then prices will be difficult to control because no one holds supplies in large quantities.

[flyingcarpet]

Its scary if they started to take profit from this, well this is how rich companies do nowadays, and those who holds more can have a great power and influence in the future. This might be one of the reason why the price pumps, and hopefully it will start from here. If they will hold half of the Bitcoin supply, that can be more scary for sure let’s see what’s their real goal for this one.

from 150k btc to 11 million pieces, that's still very far away why do you say that Saylor has half of the supply, I think other large companies or other retailers will not remain silent seeing this they will also join in and the more people who hold BTC then prices will be difficult to control because no one holds supplies in large quantities.

Checking the Bitcoin price is not that easy. Therefore, I think we should not be too afraid of this situation. In the past, people would get scared and sell their Bitcoins when a negative tweet was made about Bitcoin, but now it takes bigger events to affect the Bitcoin price. One company or one tweet cannot easily influence the price of Bitcoin.

The number of investors is increasing day by day and the expectation that the Bitcoin price will increase is also increasing. I know that people or companies purchasing Bitcoin at these levels will make a profit, and the investment they make during this period will return to them as a reward.